California Water Code ARTICLE 3 - Refunding Bonds
- Section 55580.
The board may issue refunding bonds of the district for the purpose of refunding any or all outstanding bonds of the district.(Added by Stats. 1953,...
- Section 55581.
The board shall by resolution determine the amount of the outstanding bonds to be refunded, fix the maximum amount of refunding bonds to be issued,...
- Section 55582.
In the resolution the board shall call an election and submit to the qualified voters of the district the question whether the refunding bonds should...
- Section 55583.
The resolution shall fix the time of the election, establish one or more voting precincts, designate the polling place or places, appoint an inspector, judge,...
- Section 55584.
In all particulars not set forth in this article the election shall be held and conducted as provided in Chapter 4 of Part 2 of...
- Section 55585.
The resolution shall be published pursuant to Section 6066 of the Government Code in a newspaper of general circulation in the county designated by the...
- Section 55586.
If at the election a majority of the votes cast are in favor of the issuance of the refunding bonds, the board shall be authorized...
- Section 55587.
The board shall, by order entered in its minutes, prescribe the form of the refunding bonds and of the interest coupons to be attached, and...
- Section 55588.
Refunding bonds may be exchanged at par value for any outstanding bonds to be refunded at their par value or less, upon such terms as...
- Section 55589.
In lieu of the exchange for outstanding bonds, the refunding bonds may be sold by the board for cash at not less than par and...
- Section 55590.
Any bonds refunded and all interest coupons appurtenant thereto shall be canceled immediately by the county treasurer. Expenses of the refunding proceedings may be paid...
- Section 55591.
Taxes for the payment of principal and interest of refunding bonds shall be levied as provided in Chapter 3 of this part except that if...
Last modified: October 22, 2018